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Stanford Entrepreneurship corner, Geoffrey Moore: Reach Your Escape Velocity No.3

Geoffrey Moore: Reach Your Escape Velocity No.3

OK, so the close for this thing at the top level, if you were the board of the directors and you're saying, OK, OK, Geoff, we got this disease, OK, great, great, great. What do you do? How do we start? You can start at any point in this hierarchy. You can start with the category power level which tends to be we need to look at portfolio. We tend to have way too much money in aging categories with the Boston Consulting Group calls, cash cows and we don't have enough rising stars. So that could be the problem. Or we can say, no, it's a company power problem and the problem is we can never -- first of all, we can kill nothing and second of all, we can never really make any big bets. Every big bet we hedge and after a while we're like the person at the roulette table who put the chip on every single square. So we win every time. Except, we just lose money. So on the market focus, we can actually go after markets in a directive way. It turns out it's extremely hard for large corporations to go after niche markets. But it's critical. It's critical because otherwise, you'll end up coming in second or third in every primary in the entire election and you don't get nominated, right? You must win definitively in places particularly in the right year, in the right place. And then offer power which I will come back to that one, that's a little more we can create highly differentiated offers. I'm going to say something a lot more about that in a minute. And then organization.

So how do we actually drive transformation initiatives through the antibodies or whatever to actually get them done. There are ways to organize inside a large company to create -- carve out an entrepreneurial space not just to incubate innovation because all of them do that but to actually go from an incubated innovation to a material business. That's when they all get killed and so there's a whole thing around execution power and organization for dealing with that. And what I'm going to talk about in the second half of this talk is offer power and how it affects innovation. But before I do, since I've been blasting pretty hard for the last 25 minutes, questions or push back or like if you're crap detector went off, it'll be good to sort of -- I mean, that was a pretty fast explosion but just anything about that model that either calls you to ask -- yes, yeah. Sir, there are like certain empirical metrics for figuring out which sectors of your company are not sort of high-growth...? So the question is are there empirical metrics for which sections of your company are high-growth -- not high-growth efforts? Yes. The first one is simply to look at the average growth rate of everybody in that sector. And basically, it's pretty straight forward. You look at what -- what does it take to motivate growth investor? It's typically 15 to 20% growth or higher. Maybe 15 to 30 might be a better range. And so if it's 15 to 30 or higher, it's definitely -- that's a growth. If it's single digit, it's almost always low growth and 10 to 15 is sort of a little bit of the muddy area. But what most companies often do is they'll have a portfolio where they'll have fourth businesses that grow 4% and one business that grows at 8%. And they'll call the 8% business a high growth business. It's like, no it's not, it's a taller midget. So don't -- come on, there's no basketball player in the room. So that's how you do it. Yes? How about empirical evidence showing that people that apply these principles are more successful than ones that don't. Because Apple is -- you could apply 1,000 frameworks, a...? If you have an App Store you too will be great. What's the statistical significance is this principle ahead and if so out of the five types of points of entry which is the most powerful type compared to other things? So what are the things... definitely needs to do about it? OK, so you're talking to an English major not a Quad so this is anecdotal, more qualitative more than quantitative. It's kind of why I put up those 20 companies that I had on that other slide because at least those are 20 stories, not one story, but still it's still qualitative. In terms of which is more powerful, in general, category tramps company, company tramps market, market tramps offer, offer tramps execution. Largely, that's the way it goes. This one is offer power, however, it can -- it's probably the lever that you can use if you're behind to move up as you're going to see in the next section. But you can generally use -- if you say, look, there's such -- you remember that first slide with all the companies? That's kind of the negative proof. That's the proof that there's a common deterioration in the technology sector that appears to take two decades. And the number of companies that were successful two decades ago, I mean, aren't around anymore. So it should take at least 2 1/2 -- in 1985 the leading enterprise software company was called Cullinet. Cullinane, Cullinet, no, John Cullinane, Cullinet. Who knew, right? And number one, right? Novell was number one in local area networking. I mean, these are not chump change folks. Kodak was number one in imaging in the whole world. Not so much. So that's the best I can do. I mean, and I would love for people who are more quantitative to say, why, I'd like to apply a little more research discipline to this because Geoffrey is Irish and the Irish are kind of famous for waving their arms and he participates deeply in that genome. Other -- yes? You mentioned Jeff Bezos as an example of someone who's power driven, right? That company is also so much spread thin, they are in Web services, they're selling books, they're in the social media business and so on and so forth. How can you reconcile focus with spreading around...? Well, I think the problem with putting yourself too thin is you have the opportunity to gain power but you're dissipating because you don't focus enough. You don't actually accumulate it, you actually end up dissipating it because you trash. You go from thing to thing to thing to thing to thing. And I mean, right now I will argue this, Cisco is struggling without that right now. They have a management system, they have a -- John laid out an incredibly ambitious agenda for the decade. I think there was nothing that agenda that was stupid. I think the company has felt, man, there was just too much on our plate. And so lots of growth categories. The one thing you would not criticize Cisco for is you're in low-growth category. That is not their challenge. Their challenge is can we get our arms around the categories that are most important? So you're watching them right now sort of try to pull back and achieve more focus. So I think at some point you do go too far. And you can't -- it's a -- by the way, that's a performance culture too. I mean, they have a very strong -- and it is not that you have power or performance, it's -- this is the and and not the or. This is performance and power.

One more then I'm going to kind of go forward -- yeah, OK, right in the middle. Yeah. So in the beginning you have performance culture and said it was a good thing, right, but it went too far. Is there kind of the same thing for power if you go too far of the power spectrum? Is there a danger that -- I think there could be. Yeah, yeah, I think you can get to the point where you are -- you actually lose your operating income to kind of keep yourself going. And so because in the short-term, you often -- you can make sacrifices in performance in order to invest in power. And if you over-invest in power and all of a sudden people stop believing in that, you can't get funding.. You can't get your next round of funding. In general, by the way, venture investing is about power and public exchange investing is about performance if you think about it. Because in a venture-backed company, there's not enough revenue to really say the performance is the game changer. It's power is the game changer in venture. And that's why I think this was an easier both for me to write maybe than somebody else because every Monday, every dialogue we have is essentially about power. And it's usually category power first and then actually offer power becomes a very, very important to a venture company. OK, I'm going to move on to this notion of now I want you to take off your CEO hat, I hope you kind of enjoyed that moment of leadership and the board of directors and whatever, and liability, I might add. Some of you might look good in an orange jumpsuit, you'll never know. But now I want you to go back and say, you know what, I left this auditorium and next Monday I took on an assignment and by and large, a high tech company and I'm a product manger or product line manager. I am now -- what is amazing about tech by the way, is that product managers -- the unit of wealth creation in tech all of my life has been the product. Now increasing the service as a sort of invisible product. The product and product management is largely conducted by people in the first 10 years of employment. So all of a sudden, relatively early in a career, unlike most professions, most other industries, you actually have your hand on the tiller that changes that fate of your company. So it's an amazing privilege to work in a high tech company because the amount of power you get short -- particularly if you can get into this role of product marketing and product management. So that's the role you have now. That's the role I'm going to give you for the rest of this conversation. And your job now is you have a really cool product but you're living in a company that makes its living through a very old and boring set of products. But they make money. So this is your challenge, OK?

So to understand the lever you have, you have some resources and the question is where are you going to spend them and what are you going to get for them. So think about having an innovation budget. Not much but some. Well, you could spend it on differentiation and that means I'm going to spend it on some kind of innovation R&D and I'm going to create something unlike anybody -- anything that anybody else has and that's going to cost the customer to go, wow, I want this offer. I don't want those other offers. We'll talk about that a bit more in a second. The second way you could spend your budget is hold on, everybody else in our category now has this new feature and we don't. And people by the way, are noticing it. So if we don't do some back filling of this feature set, we're going to -- and no matter how different we are over here, they're going to go, yeah, yes, it's an amazing car, they have no wheels on it though. You know what I mean? You kind of need wheels, don't you? So that will be that part. Now you've got you're budget is getting pulled in two different directions and you've got a third idea which is, you know, if I could figure out a way to do some productivity things, maybe I can get some more money to spend on red and blue. And so basically, those are the three things you can -- the three levers -- the kinds of initiatives that you can go. I'm going to -- charter differentiation thread, neutralization thread or a productivity thread. And I'm going to kind of walk you through -- there's a lesson at that end of this which is an amazingly -- it seems like it's such an obvious lesson. It is almost universally not followed -- the principle you're going to follow. Which just to give you a head's up on it is these three things are not mutually compatible with each other. And whenever you charter a single team in a single project stream to do two or more, you're screwing up. And I would say that 99% of all the project streams I see are combinations of those three things which is a fairly high ratio for screwing up. But let me kind of walk you through, that's the place where this is going to end. So differentiate, why do you do that? To separate from your competitive set. Pretty obvious and pretty exciting and by the way, every engineer in the world wakes up thinking that's what I do for a living. I'm the smartest person on the planet and I will be able to demonstrate it. Neutralize, catch up with the competition, nobody likes to do this. Nobody likes to do this. But they get -- but it's part of being an adult. So you say, OK, I'm an adult, I guess I have to make my bed, I have to do a few things, OK. And then optimize, again, even worse for engineers, like what? But the point is there's a big return on this if I can increase -- for you as the product manager, product line manager, if you can get this done because there is a bunch of places where you have resources reporting to you doing stupid stuff. Too much stupid stuff and if you could actually get that initiative going, you could free up more budget to do the top two.

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Geoffrey Moore: Reach Your Escape Velocity No.3 Geoffrey|||||| Geoffrey Moore: Erreiche deine Fluchtgeschwindigkeit Nr. 3 Geoffrey Moore: Alcanza tu velocidad de escape nº 3 Geoffrey Moore: Raggiungi la tua velocità di fuga n. 3 ジェフリー・ムーア:リーチ・ユア・エスケープ・ヴェロシティ No.3 제프리 무어: 탈출 속도 3번 도달하기 Geoffrey Moore: Osiągnij prędkość ucieczki nr 3 Geoffrey Moore: Atingir a sua velocidade de fuga n.º 3 杰弗里·摩尔:达到第三号逃逸速度

OK, so the close for this thing at the top level, if you were the board of the directors and you're saying, OK, OK, Geoff, we got this disease, OK, great, great, great. |||||||||||||||yönetim kurulu|||yöneticiler kurulu||||||Tamam, Geoff||||hastalık|||| OK, por lo que el cierre de esta cosa en el nivel superior, si usted fuera el consejo de administración y usted está diciendo, OK, OK, Geoff, tenemos esta enfermedad, OK, genial, genial, genial. Итак, если бы вы были советом директоров и говорили: "Хорошо, хорошо, Джефф, у нас есть эта болезнь, хорошо, отлично, отлично, отлично". What do you do? How do we start? You can start at any point in this hierarchy. ||||||||hiyerarşi You can start with the category power level which tends to be we need to look at portfolio. |||||kategori düzeyi||||eğilimindedir||||||||portföyü değerlendirmek Вы можете начать с уровня мощности категории, которая, как правило, является нам нужно посмотреть на портфолио. We tend to have way too much money in aging categories with the Boston Consulting Group calls, cash cows and we don't have enough rising stars. ||||||||||||||||||vaches à lait||||||| |||||||||yaşlanan|kategoriler|||Boston Consulting Grubu|Danışmanlık Grubu||||nakit inekler||||||yükselen yıldız|yükselen yıldızlar Tendemos a tener demasiado dinero en categorías envejecidas, como dice el Boston Consulting Group, vacas lecheras, y no tenemos suficientes estrellas emergentes. У нас, как правило, слишком много денег в устаревших категориях, которые в Boston Consulting Group называют "дойными коровами", и недостаточно восходящих звезд. So that could be the problem. Or we can say, no, it's a company power problem and the problem is we can never -- first of all, we can kill nothing and second of all, we can never really make any big bets. ||||||||||||||||jamais|||||||||||||||||||paris |||||||||||||||||||||||||||||||||||büyük yatırımlar Или мы можем сказать: нет, это проблема власти компании, и проблема в том, что мы никогда не сможем... во-первых, мы не сможем ничего убить, а во-вторых, мы никогда не сможем делать большие ставки. Every big bet we hedge and after a while we're like the person at the roulette table who put the chip on every single square. |||||||||||||||roulette||||||||| ||||teminat altına almak|||||||||||rulet masası|||||fiş||||kare Cada gran apuesta la cubrimos y al cabo de un tiempo somos como la persona de la ruleta que pone la ficha en cada casilla. При каждой крупной ставке мы хеджируем, и через некоторое время мы становимся похожи на человека за рулеточным столом, который ставит фишку на каждую клетку. So we win every time. Except, we just lose money. Aksi takdirde|||| Кроме того, мы просто теряем деньги. So on the market focus, we can actually go after markets in a directive way. |||||||||||||directive| ||||||||||pazarlar|||yönlendirici şekilde| En cuanto a los mercados, podemos ir a por ellos de forma directa. Так что, ориентируясь на рынок, мы можем действовать на нем директивно. It turns out it's extremely hard for large corporations to go after niche markets. ||||son derece||||büyük şirketler||||niş pazarlar| Оказалось, что крупным корпорациям крайне сложно завоевывать нишевые рынки. But it's critical. ||kritik Но это очень важно. It's critical because otherwise, you'll end up coming in second or third in every primary in the entire election and you don't get nominated, right? |||||||||||||||||||||||nommé| ||||||||||||||ön seçim||||seçim süreci|||||aday gösterilmek| Это очень важно, потому что в противном случае вы займете второе или третье место на всех праймериз, и вас не выдвинут, верно? You must win definitively in places particularly in the right year, in the right place. |||kesin bir şekilde|||özellikle|||||||| Вы должны одержать окончательную победу, особенно в нужный год и в нужном месте. And then offer power which I will come back to that one, that's a little more we can create highly differentiated offers. |||||||||||||||||||son derece|farklılaştırılmış|teklifler sunmak А затем - сила предложения, к которой я еще вернусь, - мы можем создавать высокодифференцированные предложения. I'm going to say something a lot more about that in a minute. And then organization. ||Ve sonra organizasyon.

So how do we actually drive transformation initiatives through the antibodies or whatever to actually get them done. ||||||dönüşüm girişimleri|girişimleri|||antikorlar aracılığıyla||||||| Так как же нам на самом деле продвигать инициативы по преобразованию через антитела или что-то еще, чтобы они действительно были реализованы. There are ways to organize inside a large company to create -- carve out an entrepreneurial space not just to incubate innovation because all of them do that but to actually go from an incubated innovation to a material business. |||||||||||||||||||incuber||||||||||||||incubé||||| ||||düzenlemek|||||||oluşturmak|||girişimci|||||kuluçkaya yatırmak|yenilik||||onlar|||||||||kuluçkalanmış|yenilik|||| Hay formas de organizarse dentro de una gran empresa para crear... crear un espacio empresarial no sólo para incubar innovaciones, porque todas lo hacen, sino para pasar realmente de una innovación incubada a un negocio material. Есть способы организовать внутри крупной компании предпринимательское пространство не только для инкубации инноваций, как это делают все компании, но и для перехода от инкубированной инновации к реальному бизнесу. That's when they all get killed and so there's a whole thing around execution power and organization for dealing with that. |||||||||||||infaz|||||başa çıkmak|| В этот момент их всех убивают, и для того, чтобы справиться с этим, существует целая история, связанная с властью и организацией казни. And what I'm going to talk about in the second half of this talk is offer power and how it affects innovation. ||||||||||||||||||||etkiler|yenilikçilik Y de lo que voy a hablar en la segunda mitad de esta charla es del poder de la oferta y de cómo afecta a la innovación. Во второй половине разговора я расскажу о власти предложения и о том, как она влияет на инновации. But before I do, since I've been blasting pretty hard for the last 25 minutes, questions or push back or like if you're crap detector went off, it'll be good to sort of -- I mean, that was a pretty fast explosion but just anything about that model that either calls you to ask -- yes, yeah. |||||||blast||||||||||||||||détecteur|||||||||||||||||||quoi que ce soit||||||||||| |||||||hızlı konuşmak|||||||||itiraz etmek||||||saçmalık dedektörü|gerçeklik algısı|gitti||iyi olur|||||||||||||patlama|||||||||||||| Pero antes de que lo haga, ya que he estado bombardeando bastante duro durante los últimos 25 minutos, las preguntas o empuje de vuelta o como si estuvieras detector de mierda se disparó, sería bueno tipo de - Quiero decir, eso fue una explosión bastante rápido, pero sólo cualquier cosa acerca de ese modelo que, o bien le llama a preguntar - sí, sí. Но прежде чем я это сделаю, поскольку я довольно сильно взрывался последние 25 минут, вопросы или ответные действия, или, если у вас сработал детектор дерьма, было бы неплохо... Я имею в виду, что это был довольно быстрый взрыв, но просто что-нибудь об этой модели, что побуждает вас спросить... Да, да. Sir, there are like certain empirical metrics for figuring out which sectors of your company are not sort of high-growth...? |||||empiriques|||||||||||||de||croissance |||||ampirik|ölçütler|||çözmek||sektörler|||||||||büyüme odaklı Сэр, есть ли какие-то эмпирические показатели, позволяющие определить, какие сектора вашей компании не являются быстрорастущими...? So the question is are there empirical metrics for which sections of your company are high-growth -- not high-growth efforts? ||||||ampirik|ölçütler|||bölümler||||||||||çabalar Поэтому вопрос заключается в том, существуют ли эмпирические показатели того, какие подразделения вашей компании являются быстрорастущими, а какие - нет? Yes. The first one is simply to look at the average growth rate of everybody in that sector. ||||basitçe||||||büyüme oranı||||||sektör Первый - просто посмотреть на средний темп роста всех в этом секторе. And basically, it's pretty straight forward. ||||simple| ||||düzgün| В общем, все очень просто. You look at what -- what does it take to motivate growth investor? |||||||||||investisseur |||||||||||büyüme yatırım Вы посмотрите, что нужно для того, чтобы мотивировать инвестора к росту? It's typically 15 to 20% growth or higher. |||croissance|| |genellikle||||daha yüksek Maybe 15 to 30 might be a better range. ||||||aralık Возможно, от 15 до 30 было бы лучше. And so if it's 15 to 30 or higher, it's definitely -- that's a growth. ||||||||kesinlikle||| If it's single digit, it's almost always low growth and 10 to 15 is sort of a little bit of the muddy area. |||1||||||||||||||||| |||rakam||||||||||||||||belirsiz| Si es de un solo dígito, casi siempre es bajo crecimiento y de 10 a 15 es un poco la zona turbia. Если он выражается одной цифрой, то это почти всегда низкий рост, а 10-15 - это что-то вроде мутной зоны. But what most companies often do is they'll have a portfolio where they'll have fourth businesses that grow 4% and one business that grows at 8%. ||||||||||portföy||||||||||||| Но чаще всего компании создают портфель, в котором есть четыре бизнеса, растущих на 4 %, и один бизнес, растущий на 8 %. And they'll call the 8% business a high growth business. ve|||||||| It's like, no it's not, it's a taller midget. ||||||||nain |||||||daha uzun cüce|daha uzun cüce Es como, no lo es, es un enano más alto. Типа, нет, это не он, это карлик ростом повыше. So don't -- come on, there's no basketball player in the room. So that's how you do it. Yes? How about empirical evidence showing that people that apply these principles are more successful than ones that don't. ||empirique||||||||||||||| ||ampirik kanıtlar|ampirik kanıtlar|||||uygulayan||ilkeler||||||| Because Apple is -- you could apply 1,000 frameworks, a...? ||||||des cadres| |||||uygulayabilirsiniz|çerçeveler| Потому что Apple - вы можете применить 1000 фреймворков, а...? If you have an App Store you too will be great. What's the statistical significance is this principle ahead and if so out of the five types of points of entry which is the most powerful type compared to other things? ||istatistiksel|istatistiksel anlamlılık||||||||||||||||giriş noktası|||||||karşılaştırıldığında||| ¿Cuál es la importancia estadística de este principio y, si es así, de los cinco tipos de puntos de entrada, cuál es el más potente en comparación con los demás? Какова статистическая значимость этого принципа, и если да, то какой из пяти типов точек входа является самым мощным по сравнению с другими? So what are the things... definitely needs to do about it? |||||kesinlikle||||| Так что же... определенно нужно с этим делать? OK, so you're talking to an English major not a Quad so this is anecdotal, more qualitative more than quantitative. ||||||||||Quad||||anecdotique|||||quantitative ||||||||||Sayısalcı||||anektodal||niteliksel|||nicelikseldir Ладно, вы разговариваете с английским специалистом, а не с Quad, так что это анекдотический случай, скорее качественный, чем количественный. It's kind of why I put up those 20 companies that I had on that other slide because at least those are 20 stories, not one story, but still it's still qualitative. ||||||yukarı|||||||||slayt||||||||||||||niteliksel Por eso puse esas 20 empresas en la otra diapositiva, porque al menos son 20 historias, no una, pero sigue siendo cualitativa. Именно поэтому я разместил те 20 компаний, которые были на другом слайде, потому что это хотя бы 20 историй, а не одна, но все равно качественная. In terms of which is more powerful, in general, category tramps company, company tramps market, market tramps offer, offer tramps execution. Açısından|||||||||kategori|sürükler|||tramp etmek|||tramp eder|||sürükler|uygulama Если говорить о том, что сильнее, то, в общем, категория трамбует компанию, компания трамбует рынок, рынок трамбует предложение, предложение трамбует исполнение. Largely, that's the way it goes. Büyük ölçüde||||| По большому счету, так оно и есть. This one is offer power, however, it can -- it's probably the lever that you can use if you're behind to move up as you're going to see in the next section. |||||||||||kaldıraç||||||||||||||||||| Este es el poder de oferta, sin embargo, puede - es probablemente la palanca que puede utilizar si usted está detrás de subir como vas a ver en la siguiente sección. Это предложение силы, однако оно может... это, вероятно, тот рычаг, который вы можете использовать, если вы отстали от движения вверх, как вы увидите в следующем разделе. But you can generally use -- if you say, look, there's such -- you remember that first slide with all the companies? |||||||||||||||diapositive|||| |||genellikle||||||||||||slayt|||| Но в целом вы можете использовать... Если вы скажете: "Смотрите, есть такая... Помните тот первый слайд со всеми компаниями? That's kind of the negative proof. ||||olumsuz|olumsuz kanıt Это своего рода отрицательное доказательство. That's the proof that there's a common deterioration in the technology sector that appears to take two decades. |||||||bozulma|||teknoloji sektörü|teknoloji sektörü||görünüyor|||| Это доказательство того, что в технологическом секторе наблюдается общий упадок, который, похоже, длится два десятилетия. And the number of companies that were successful two decades ago, I mean, aren't around anymore. So it should take at least 2 1/2 -- in 1985 the leading enterprise software company was called Cullinet. ||||||||||||||Cullinet ||||||||öncü|kurumsal yazılım şirketi|||||Cullinet şirketi Так что должно пройти не менее двух с половиной... В 1985 году ведущая компания по разработке программного обеспечения для предприятий называлась Cullinet. Cullinane, Cullinet, no, John Cullinane, Cullinet. Cullinane||||| Cullinane, Cullinet, hayır, John Cullinane, Cullinet.|Cullinet (Şirket)|||Cullinane, Cullinet, hayır, John Cullinane, Cullinet.|Cullinet Yazılım Şirketi Куллинейн, Куллинет, нет, Джон Куллинейн, Куллинет. Who knew, right? And number one, right? Novell was number one in local area networking. Novell, yerel ağda bir numaraydı.||||||| Novell была номером один в области локальных сетей. I mean, these are not chump change folks. |||||des imbéciles|| |||||önemsiz kimseler||insanlar Quiero decir, estos no son gente de calderilla. Я имею в виду, что это не мелочь. Kodak was number one in imaging in the whole world. Kodak, dünya çapında görüntülemede bir numaraydı.|||||görüntüleme|||| Компания Kodak занимала первое место по производству изображений во всем мире. Not so much. So that's the best I can do. I mean, and I would love for people who are more quantitative to say, why, I'd like to apply a little more research discipline to this because Geoffrey is Irish and the Irish are kind of famous for waving their arms and he participates deeply in that genome. |||||||||||||||||||||||||||||||||||||||||||||||génome |||||||||||nicelikli|||||||uygulamak isterim|||||araştırma disiplini||||Geoffrey İrlandalıdır.|||||||||||el kol hareketi|||||katılıyor||||genetik yapısı Я имею в виду, и мне бы очень хотелось, чтобы люди с более количественным подходом сказали: "Почему бы мне не применить к этому немного больше исследовательской дисциплины, ведь Джеффри - ирландец, а ирландцы славятся тем, что размахивают руками, и он принимает активное участие в этом геноме". Other -- yes? You mentioned Jeff Bezos as an example of someone who's power driven, right? |bahsettiğiniz||||||||||güç odaklı| Has mencionado a Jeff Bezos como ejemplo de alguien que se guía por el poder, ¿verdad? That company is also so much spread thin, they are in Web services, they're selling books, they're in the social media business and so on and so forth. ||||||yayılmış durumda|dağılmış durumda|||||hizmetler alanında||||||||||||||| Esa empresa también está muy repartida, están en servicios web, venden libros, están en el negocio de las redes sociales, etcétera, etcétera. Эта компания также очень сильно разбавлена: она занимается веб-сервисами, продает книги, занимается социальными сетями и так далее, и тому подобное. How can you reconcile focus with spreading around...? |||réconcilier|||se disperser| |||uzlaştırmak|||yayılma| Как совместить сосредоточенность с разбросанностью...? Well, I think the problem with putting yourself too thin is you have the opportunity to gain power but you're dissipating because you don't focus enough. ||||||||çok|fazla yaymak|||||fırsat||kazanmak||||dağılıyorsun||||| Bueno, creo que el problema de ponerte demasiado fino es que tienes la oportunidad de ganar poder pero te estás disipando porque no te concentras lo suficiente. Я думаю, что проблема в том, что вы слишком напрягаетесь, потому что у вас есть возможность набрать силу, но она рассеивается, потому что вы недостаточно сосредоточены. You don't actually accumulate it, you actually end up dissipating it because you trash. |||biriktirmek||||||dağıtıyorsun||||çöpe atmak You go from thing to thing to thing to thing to thing. And I mean, right now I will argue this, Cisco is struggling without that right now. |||||||||Cisco|||||| |||||||tartışmak||Cisco||zorlanıyor|olmadan||| И я хочу сказать, что Cisco сейчас борется без этого. They have a management system, they have a -- John laid out an incredibly ambitious agenda for the decade. |||yönetim sistemi||||||ortaya koydu|||son derece|hırslı|gündem|||on yıl Tienen un sistema de gestión, tienen un... John estableció una agenda increíblemente ambiciosa para la década. У них есть система управления, у них есть... Джон изложил невероятно амбициозную программу на десятилетие. I think there was nothing that agenda that was stupid. ||||||gündem maddesi|||aptal Я думаю, что в этой повестке дня не было ничего глупого. I think the company has felt, man, there was just too much on our plate. |||||||||||||bizim|üzerimizde çok iş Я думаю, компания почувствовала, что на нас свалилось слишком много всего. And so lots of growth categories. ||||büyüme|büyüme kategorileri The one thing you would not criticize Cisco for is you're in low-growth category. O||||||eleştirmek|||||||düşük büyüme|düşük büyüme kategorisi Единственное, за что вы не стали бы критиковать Cisco, так это за то, что вы относитесь к категории низкорастущих компаний. That is not their challenge. ||||Bu onların sorunu değil. Their challenge is can we get our arms around the categories that are most important? ||||||||||kategoriler|||| Их задача заключается в том, чтобы мы смогли охватить те категории, которые являются наиболее важными? So you're watching them right now sort of try to pull back and achieve more focus. ||||||||||geri çekmek||||| Так что вы наблюдаете, как они сейчас пытаются отступить и добиться большей сосредоточенности. So I think at some point you do go too far. Поэтому я думаю, что в какой-то момент вы заходите слишком далеко. And you can't -- it's a -- by the way, that's a performance culture too. ||||||||||performans kültürü|| I mean, they have a very strong -- and it is not that you have power or performance, it's -- this is the and and not the or. ||||||||||||||||performans||||||||| Я имею в виду, что у них очень сильная позиция - и дело не в том, что у вас есть власть или производительность, а в том, что это "и", а не "или". This is performance and power.

One more then I'm going to kind of go forward -- yeah, OK, right in the middle. Yeah. So in the beginning you have performance culture and said it was a good thing, right, but it went too far. ||||||||||||||||||||loin Is there kind of the same thing for power if you go too far of the power spectrum? |||||||||||||||||spectre |||||||||||||||||güç yelpazesi А с властью происходит то же самое, если вы заходите слишком далеко от спектра власти? Is there a danger that -- I think there could be. Yeah, yeah, I think you can get to the point where you are -- you actually lose your operating income to kind of keep yourself going. ||||||ulaşmak|||||||||kaybedersin||işletme geliri|işletme geliri|||||| Да, да, я думаю, можно дойти до того, что вы... вы фактически теряете операционный доход, чтобы поддерживать себя в рабочем состоянии. And so because in the short-term, you often -- you can make sacrifices in performance in order to invest in power. ||||||||||||fedakarlıklar|||||||| И потому в краткосрочной перспективе вы часто... вы можете пожертвовать производительностью, чтобы инвестировать в мощность. And if you over-invest in power and all of a sudden people stop believing in that, you can't get funding.. You can't get your next round of funding. |||surréinvestir|||||||||||croire||||||financement|||||||| ||||||||||||||inanmayı||||||finansman sağlama||||||||finansman sağlama И если вы слишком много инвестируете в силу, а люди вдруг перестают в нее верить, вы не сможете получить финансирование... Вы не сможете получить следующий раунд финансирования. In general, by the way, venture investing is about power and public exchange investing is about performance if you think about it. |||||le|||||||||||||||| |||||girişim yatırımı|||||||borsa yatırımı||||||||| В целом, кстати, венчурное инвестирование - это власть, а биржевое инвестирование - это производительность, если вдуматься. Because in a venture-backed company, there's not enough revenue to really say the performance is the game changer. ||||financée||||||||||||||changeur ||||destekli|||||gelir||||||||| Потому что в венчурных компаниях нет достаточного дохода, чтобы говорить о том, что производительность - это то, что меняет игру. It's power is the game changer in venture. |||||||girişimcilik Его мощь - это переломный момент в венчурном деле. And that's why I think this was an easier both for me to write maybe than somebody else because every Monday, every dialogue we have is essentially about power. |||||||||||||||||||||||||||le pouvoir| ||||||||daha kolay|her ikisi|||||||||||||diyalog||||esasen||güç И поэтому я думаю, что мне было легче писать, чем кому-то другому, потому что каждый понедельник, каждый наш диалог - это, по сути, о власти. And it's usually category power first and then actually offer power becomes a very, very important to a venture company. |||kategori türü|||||||||||||||girişim şirketi|girişim şirketi OK, I'm going to move on to this notion of now I want you to take off your CEO hat, I hope you kind of enjoyed that moment of leadership and the board of directors and whatever, and liability, I might add. ||||||||notion|||||||||||casquette||||||||||leadership|||conseil||||autre chose||responsabilité||| ||||||||kavram||||||||||CEO şapkası|||||||||||liderlik anı|||yönetim kurulu||yönetim kurulu||||sorumluluk, yükümlülük||| Хорошо, я перехожу к понятию "теперь я хочу, чтобы вы сняли свою шляпу генерального директора", надеюсь, вам понравился этот момент лидерства, совета директоров и всего остального, а также ответственности, я могу добавить. Some of you might look good in an orange jumpsuit, you'll never know. |||||||||combinaison||| |||||||||tulum||| Некоторые из вас, возможно, хорошо смотрятся в оранжевом комбинезоне, но вы никогда не узнаете. But now I want you to go back and say, you know what, I left this auditorium and next Monday I took on an assignment and by and large, a high tech company and I'm a product manger or product line manager. ||||||||||||||||konferans salonu||||||||görev|||||||yüksek teknoloji||||||ürün yöneticisi|||| Но теперь я хочу, чтобы вы вернулись и сказали: "Знаете что, я покинул эту аудиторию и в следующий понедельник взялся за дело, и, по большому счету, это высокотехнологичная компания, и я менеджер по продукту или менеджер по линейке продуктов". I am now -- what is amazing about tech by the way, is that product managers -- the unit of wealth creation in tech all of my life has been the product. ||||||||||||||||||richesse||||||||||| |||||şaşırtıcı olan||teknoloji||||||ürün|||birim||zenginlik|zenginlik yaratımı||teknoloji|||||||| Я сейчас... Кстати, что удивительно в технологиях, так это то, что менеджеры по продуктам - единицей создания богатства в технологиях всю мою жизнь был продукт. Now increasing the service as a sort of invisible product. |artırmak|||||||görünmez ürün| Теперь увеличиваем сервис как некий невидимый продукт. The product and product management is largely conducted by people in the first 10 years of employment. |||||||yürütülmektedir||||||||istihdam süresi So all of a sudden, relatively early in a career, unlike most professions, most other industries, you actually have your hand on the tiller that changes that fate of your company. |||||||||||||||||||||||barre de gouvernail||||||| |||||nispeten||||kariyerin başında|aksine olarak||meslekler|||sektörler||||||||dümen kontrolü||||kaderini değiştirir||| Así que, de repente, relativamente pronto en tu carrera, a diferencia de la mayoría de las profesiones, de la mayoría de las industrias, tienes la mano en el timón que cambia el destino de tu empresa. И вдруг, в самом начале карьеры, в отличие от большинства профессий, большинства других отраслей, вы фактически держите руку на румпеле, который меняет судьбу вашей компании. So it's an amazing privilege to work in a high tech company because the amount of power you get short -- particularly if you can get into this role of product marketing and product management. ||||ayrıcalık||||||||||||||||özellikle|||||||||ürün||||ürün yönetimi Así que es un privilegio increíble trabajar en una empresa de alta tecnología porque la cantidad de poder que se obtiene corto - sobre todo si se puede entrar en este papel de la comercialización de productos y gestión de productos. So that's the role you have now. That's the role I'm going to give you for the rest of this conversation. And your job now is you have a really cool product but you're living in a company that makes its living through a very old and boring set of products. |||||||||||||||||||||üzerinden|||||||| Y tu trabajo ahora es que tienes un producto realmente genial, pero vives en una empresa que se gana la vida a través de un conjunto de productos muy antiguos y aburridos. But they make money. So this is your challenge, OK? ||||İşte meydan okuman.|

So to understand the lever you have, you have some resources and the question is where are you going to spend them and what are you going to get for them. ||||kaldıraç||||||kaynaklar|||||||||||||||||||| So think about having an innovation budget. |||||yenilik bütçesi|bütçesi Así que piense en disponer de un presupuesto para innovación. Not much but some. Well, you could spend it on differentiation and that means I'm going to spend it on some kind of innovation R&D and I'm going to create something unlike anybody -- anything that anybody else has and that's going to cost the customer to go, wow, I want this offer. ||||||différenciation|||signifie||||||||||||||||||||||||||||||||||||||| ||||||farklılaştırma|||||||||||||yenilik araştırması ve geliştirmesi|||||||||benzersiz|herkesin sahip olduğundan|||herkesin sahip olduğu|||||||maliyet||||||||| Bueno, podrías gastarlo en diferenciación y eso significa que voy a gastarlo en algún tipo de innovación en I+D y voy a crear algo diferente a todo lo demás y eso le va a costar al cliente decir, vaya, quiero esta oferta. I don't want those other offers. |||||teklifler We'll talk about that a bit more in a second. The second way you could spend your budget is hold on, everybody else in our category now has this new feature and we don't. ||manière|||||||rester|||||||||||||| |||||||bütçenizi||||||||kategori|||||özellik||| La segunda forma en la que podrías gastar tu presupuesto es aguantando, todos los demás en nuestra categoría ahora tienen esta nueva característica y nosotros no. And people by the way, are noticing it. ||par||||remarquent| So if we don't do some back filling of this feature set, we're going to -- and no matter how different we are over here, they're going to go, yeah, yes, it's an amazing car, they have no wheels on it though. |||||||remplissage||||||||||||||||||||||||||||||roues||| |||||||doldurma|||özellik seti|||||||önemli değil||||||||||||||||||||tekerlekler|||ancak Así que si no hacemos algo de back filling de este conjunto de características, vamos a -- y no importa lo diferentes que seamos aquí, van a decir, sí, sí, es un coche increíble, sin embargo, no tienen ruedas en él. You know what I mean? You kind of need wheels, don't you? ||||araba|| So that will be that part. Now you've got you're budget is getting pulled in two different directions and you've got a third idea which is, you know, if I could figure out a way to do some productivity things, maybe I can get some more money to spend on red and blue. |||||||||||yönler|||||||||||||||||||||verimlilik işleri|||||||||||||| And so basically, those are the three things you can -- the three levers -- the kinds of initiatives that you can go. ||||||||||||leviers|||||||| ||temelde||||||||||kaldıraçlar||||girişimler|||| I'm going to -- charter differentiation thread, neutralization thread or a productivity thread. |||charter|||neutralisation|||||fil |||başlatmak|farklılaştırma|konu başlığı|nötralizasyon iş parçacığı|konu başlığı||||konu başlığı Voy a -- hilo de diferenciación de la carta, hilo de neutralización o un hilo de productividad. And I'm going to kind of walk you through -- there's a lesson at that end of this which is an amazingly -- it seems like it's such an obvious lesson. |||||||||||||||||qui||||||||||| ||||||||||||||||||||şaşırtıcı derecede|||||||açıkça belli| It is almost universally not followed -- the principle you're going to follow. |||evrensel olarak||||ilke|||| Casi universalmente no se sigue... el principio que vas a seguir. Which just to give you a head's up on it is these three things are not mutually compatible with each other. ||||||uyarı olarak||||||||||birbirleriyle|uyumlu||| Para que te hagas una idea, estas tres cosas no son compatibles entre sí. And whenever you charter a single team in a single project stream to do two or more, you're screwing up. ||||||||||||||||||foire| |her zaman||kiralamak||||||||proje akışı|||||||berbat ediyorsunuz| Y siempre que se fleta a un solo equipo en un solo flujo de proyectos para hacer dos o más, se está metiendo la pata. And I would say that 99% of all the project streams I see are combinations of those three things which is a fairly high ratio for screwing up. |||||||||||||des combinaisons||||||||||||foirer| |||||||||||||kombinasyonlar||||||||oldukça||oran||berbat etmek| But let me kind of walk you through, that's the place where this is going to end. So differentiate, why do you do that? |Ayırt etmek||||| To separate from your competitive set. |Ayrılmak|||rekabetçi set| Pretty obvious and pretty exciting and by the way, every engineer in the world wakes up thinking that's what I do for a living. Oldukça|Açıkça belli|||heyecan verici||||||mühendis||||||||||||| I'm the smartest person on the planet and I will be able to demonstrate it. ||||||gezegen|||||||| Neutralize, catch up with the competition, nobody likes to do this. ||rattraper|||||||| Etkisiz hale getirmek|yakalamak||||rakipler||||| Nobody likes to do this. But they get -- but it's part of being an adult. |||||||||yetişkin olmak Pero consiguen... pero es parte de ser adulto. So you say, OK, I'm an adult, I guess I have to make my bed, I have to do a few things, OK. ||||||||||||||lit|||||||| And then optimize, again, even worse for engineers, like what? |||||pire||les ingénieurs|| ||optimize et|||||mühendisler için|| But the point is there's a big return on this if I can increase -- for you as the product manager, product line manager, if you can get this done because there is a bunch of places where you have resources reporting to you doing stupid stuff. |||||||||||||artırmak||||||||||||||||||||birçok||||||kaynaklarınızın rapor ettiği|||||| Pero el punto es que hay un gran retorno en esto si puedo aumentar - para ti como gerente de producto, gerente de línea de producto, si puedes hacer esto porque hay un montón de lugares donde tienes recursos que te reportan haciendo cosas estúpidas. Too much stupid stuff and if you could actually get that initiative going, you could free up more budget to do the top two. |||||||||||girişim|||yapabilirsin||||bütçe|||||